Budget 2024 won’t have much effect on inflation, Bank of Canada head says
Bank of Canada governor Tiff Macklem says he doesn’t think the federal budget tabled last month will have much of an effect on inflation.
Bank in news
'We are getting closer' to cutting interest rates, Bank of Canada governor tells MPs
The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank's governor, Tiff Macklem, told MPs Thursday.
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
WASHINGTON, D.C. - On a rooftop overlooking Gallaudet University in Washington, D.C., Julian Torres stands next to row after row of solar panels his company, Scale Microgrids, helped install as part of a larger system of renewable energy that has saved the college about $1 million per year in utility costs. Torres, the company's chief investment officer, is among many people and institutions worried that such projects will be nearly impossible in the coming years due to a planned change in banking regulations. The plan, part of an international agreement widely known as "Basel III endgame," is meant to prevent a global financial crisis by increasing the amount of capital that banks must hold for certain investments to cushion them against potential losses. Torres said the proposed rule "potentially makes projects unfinancea
US sanctions fundraisers for extremist West Bank settlers who commit violence against Palestinians
WASHINGTON (AP) — The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israel settlers already sanctioned, as well as the founder of an organization whose members regularly assault Palestinians.
GOP AGs put a major US bank on notice for alleged 'de-banking' of conservatives
Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political views.
Democrats bank on abortion in 2024 as Arizona and Florida push stakes higher
Kamala Harris’s Friday visit to Arizona was planned before the state’s top court upheld a 160-year-old law that bans almost all abortions. But the news galvanized the vice-president’s message, one that has already yielded stunning victories for liberals since Roe v Wade fell nearly two years ago.
Israeli settlers rampage through a West Bank village, killing 1 Palestinian and wounding 25
Dozens of angry Israeli settlers stormed into a Palestinian village in the Israeli-occupied West Bank on Friday, shooting and setting houses and cars on fire. The rampage killed a Palestinian man and wounded 25 others, Palestinian health officials said.
The Latest | 2 Palestinians killed and 3 injured in confrontations with Israeli forces in West Bank
Two Palestinians were killed early Friday in confrontations with Israeli forces in the Israeli-occupied West Bank, Palestinian medics and the military said. The Palestine Red Crescent Society confirmed the two deaths and said three people were wounded, including one who sustained serious injuries.